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Will Canny

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Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a contract reporter at CoinDesk.

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(CoinDesk)
Finance
Silvergate
Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan
Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp, the repo...
(CoinDesk)
By Will Canny
Mar 10, 2023 at 11:52 a.m. UTC
Mar 10, 2023
SilvergateSilvergate Exchange NetworkBanking
(Hugh R Hastings/Getty Images)
Finance
Defi
Finance Headed Toward Bank-Free, Decentralized Future: Bernstein
Bank-free decentralized finance will be a trillion-dollar asset pool with over $40 billion in revenue by 2028, a report from the firm said.
(Hugh R Hastings/Getty Images)
By Will Canny
Mar 10, 2023 at 10:54 a.m. UTC
Mar 10, 2023
DeFibanksBernstein
Banks that deal with crypto are facing more questions. (Shutterstock)
Finance
Banking
Morgan Stanley Sees More Regulatory Scrutiny of Crypto On-Ramps as Silvergate Falters
The bank was a major player in the business of moving money in and out of crypto.
Banks that deal with crypto are facing more questions. (Shutterstock)
By Will Canny
Mar 9, 2023 at 11:11 a.m. UTC
Mar 9, 2023
BankingSilvergate BankSignature BankMorgan StanleyRegulation
(Shutterstock)
Technology
Zero-knowledge proofs
Zero-Knowledge Technology Has Great Potential: FS Insight
The technology has a wide range of use cases in areas such as privacy, security, scalability, interoperability and sovereign identity, the report said.
(Shutterstock)
By Will Canny
Mar 8, 2023 at 10:53 a.m. UTC
Mar 8, 2023
Zero-Knowledge ProofsZKPsTechlayer 2
(Mark Miller/Pixabay)
Markets
Bitcoin
Bitcoin Bears May Still Be a Bit Early, Though Caution Urged: Matrixport
Crypto investors should cut exposure by 50% if bitcoin prices fall below $22,800, the report said.
(Mark Miller/Pixabay)
By Will Canny
Mar 3, 2023 at 8:53 a.m. UTC
Mar 3, 2023
BitcoinMarkets
Silvergate Capital received two downgrades on concerns about its ability to survive. (CoinDesk)
Finance
Silvergate bank
Crypto Bank Silvergate Downgraded by JPMorgan, Canaccord Amid Doubts of Firm’s Solvency
JPMorgan cut its rating on the stock to "underweight" from "neutral" and withdrew its price target.
Silvergate Capital received two downgrades on concerns about its ability to survive. (CoinDesk)
By Will Canny
Mar 2, 2023 at 1:28 p.m. UTC
Mar 2, 2023
Silvergate BankJPMorganBank
Ethereum is due for a major software upgrade later this month. (DALL-E/CoinDesk)
Markets
Ether
Bernstein Sees 'Cautious' Ether Price Until Shanghai Upgrade
The firm noted that investors are worried about a "supply overhang."
Ethereum is due for a major software upgrade later this month. (DALL-E/CoinDesk)
By Will Canny
Mar 1, 2023 at 12:14 p.m. UTC
Mar 1, 2023
EtherEthereumShanghai upgradeMarketsBernstein
(Shutterstock)
Markets
Mt. gox
Mt. Gox Bankruptcy Repayments Unlikely to Destabilize Bitcoin: UBS
Early adopters are likely to have remained crypto believers, and so they will choose to be paid in bitcoin and keep it, a report from the firm said.
(Shutterstock)
By Will Canny
Mar 1, 2023 at 11:35 a.m. UTC
Mar 1, 2023
Mt. GoxMarketsBitcoinBankruptcyUBS
Bank of America thinks 2023 will be the year of price divergence among cryptocurrencies. (Taylor Simpson/Unsplash)
Markets
Bank of america
2023 Will Be Year of Crypto Token Price Divergence: Bank of America
The bank expects tokens that power smart contract-enabled blockchain platforms will outperform meme coins and governance tokens.
Bank of America thinks 2023 will be the year of price divergence among cryptocurrencies. (Taylor Simpson/Unsplash)
By Will Canny
Feb 28, 2023 at 11:03 a.m. UTC
Feb 28, 2023
Bank of AmericacryptocurrenciesMarketsTokens
(Mario Tama/Getty Images)
Markets
Stablecoins
Cryptocurrencies Resilient Despite Weak Stocks, More Regulatory Action: Citi
Stablecoin market caps have stabilized while the percentage of ether in smart contracts continues to rise, a report from the bank said.
(Mario Tama/Getty Images)
By Will Canny
Feb 27, 2023 at 12:08 p.m. UTC
Feb 27, 2023
StablecoinsMarkets